🟢 FIG shares rise 5.9% pre-market after Goldman Sachs cuts price target

Shares of FIG are trading up 5.9% at $27.00 in pre-market trading on Monday.

• The move comes after Goldman Sachs cut its price target on the stock to $30 per share, down from a previous target of $35.
• While a price target cut is typically a negative event, some analysis suggests that such actions have historically signaled a potential bottom for beaten-down tech stocks, creating a contrarian bullish narrative.